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Million Dollar Advance Backlash

201_abortionsong_m5.jpgSome readers were not amused by the multi-million dollar bidding wars inspired by Sarah Silverman and Jerry Seinfeld’s respective book proposals this week.

Moonrat responded with a passionate post: “GalleyCat, you know I love you, but how dearly I hope your source was wrong about this. Huge advances like this will never earn out, ever.”

Silverman’s book landed at HarperCollins to the tune of $2.5 million, the NY Observer reports today. Seinfeld’s deal has not been sealed as of this writing.

Following these developments, children’s author Jane Yolen commented on how huge advances affect other non-celebrity authors: “I may have sold millions of copies of my books, but have never commanded even a 100th of the D List celebrity advances. Gotta find me some tassels and practice my singing/dancing chops. After I make it big on my Virgin Grandma tour, I might be able to get me a real advance on my next book.”

What do you think?

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